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THIS IS AN INCREDIBLY IMPORTANT ACQUISITION FOR FOUNDERS: What's not said in this "we only raised $8M and sold for $105M" is the little-known fact that the reason they only raised $8M was that several years ago, nobody would do a Series A for that biz. Which is why Kennan replaced himself as CEO and moved on to ICON. He was upset about it at the time. That moment he couldn't raise was the single best thing that ever happened to him. Here's why this matters for founders: > Selling a business for
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